CESifo Working Paper Series

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954: Living in Two Neighborhoods – Social Interactions in the LAB

Armin Falk, Urs Fischbacher and Simon Gaechter

953: Competitive Markets, Collective Decisions and Group Formation

Hans Gersbach and Hans Haller

952: Labour Demand in Germany: An Assessment of Non-Wage Labour Costs

Yu-Fu Chen and Michael Funke

951: Cold Progression and its Effects on Income Distribution

Burkhard Heer and Bernd Süssmuth

950: A Microfoundation of Predator-Prey Dynamics

Thomas Eichner and Rüdiger Pethig

949: Beyond the Dogma of the Fixed Book Price Agreement

Frederick (Rick) van der Ploeg

948: Strategic Trade Policy and Merger Profitability

Steffen Huck and Kai Konrad

947: Stabilizing Competitive Cycles with Distortionary Taxation

Erkki Koskela and Mikko Puhakka

946: The Double Dividend Hypothesis of Environmental Taxes: A Survey

Ronnie Schöb

945: The Principal-Agent Matching Market

Kaniska Dam

944: Mergers, Investment Decisions and Internal Organisation

Albert Banal-Estanol, Ines Macho-Stadler and Jo Seldeslachts

943: Tax Competition in a Fiscal Union with Decentralized Leadership

Marko Köthenbürger

942: Workfare and Trade Unions: Labor Market Repercussions of Welfare Reform

Ronnie Schöb

941: The Kalai-Smorodinsky Solution in Labor-Market Negotiations

Thorsten Bayindir-Upmann and Anke Gerber

940: Spanish Unemployment: The End of the Wild Ride?

Samuel Bentolila and Juan F Jimeno

939: The Effect of Central Exit Examinations on Student Achievement: Quasi-experimental Evidence from TIMSS Germany

Hendrik Jürges, Kerstin Schneider and Felix Büchel

938: Is there a Case for Public Provision of Private Goods if Preferences are Heterogeneous? An Example with Day Care

Sören Blomquist and Vidar Christiansen

937: Education Policy and Mobility: Some Basic Results

Ulrich Hange

936: Are Stationary Hyperinflation Paths Learnable?

Klaus Adam, George Evans and Seppo Honkapoja

935: The Marginal Cost of Public Funds in OECD Countries. Hours of Work Versus Labor Force Participation

Henrik Jacobsen Kleven, Claus Thustrup Kreiner and Claus Thustrup Kreiner

934: Irreversible Investments and Regulatory Risk

Paolo Panteghini and Carlo Scarpa

933: From Excess to Shortage - Recent Developments in the Danish Labour Market

Torben Andersen

932: Hotelling Tax Competition

Myrna Wooders and Benjamin Zissimos

931: Social Norms and Welfare State Dynamics

Assar Lindbeck, Sten Nyberg and Jörgen Weibull

930: Does Venture Capital Investment Spur Employment Growth?

Ansgar Belke, Rainer Fehn and Neil Foster-McGregor

929: Competing for Foreign Direct Investments: A Real Options Approach

Paolo Panteghini and Guttorm Schjelderup

928: Assessing the Efficiency of an Insurance Provider - A Measurement Error Approach

Mario Jametti, Thomas von Ungern-Sternberg and Thomas von Ungern-Sternberg

927: Statements of ECB Officials and their Effect on the Level and Volatility of the Euro-Dollar Exchange Rate

David-Jan Jansen, Jakob de Haan and Jakob de Haan

926: International Financial Crises

Rüdiger Dornbusch and Stanley Fischer

925: Assessing the "Choosiness" of Job Seekers. An Exploratory Approach and Evidence for Italy

Ugo Trivellato and Anna Giraldo

924: Dissecting the PPP Puzzle: The Unconventional Roles of Nominal Exchange Rate and Price Adjustment

Yin-Wong Cheung, Kon S. Lai and Michael Bergman

923: Risk Aversion and the Subjective Time Discount Rate: A Joint Approach

Bernard van Praag and Adam S. Booij

922: Improving Incentives in Unemployment Insurance: A Review of Recent Research

Peter Fredriksson and Bertil Holmlund

921: All in the Family or Public? Law and Appropriative Costs as Determinants of Ownership Structure

Ramon Castillo and Stergios Skaperdas

920: Endogenous Business Cycles and Growth

Klaus Wälde

919: Optimal Design of Intergovernmental Grants under Asymmetric Information

Bernd Huber and Marco Runkel

918: The Rise and Fall of Swedish Unemployment

Bertil Holmlund

917: Has the Dutch Miracle Come to an End?

Jan C. van Ours and Jan C. van Ours

916: Some Macroeconomic Consequences of Basic Income and Employment Subsidies

Thomas Moutos and William Scarth

915: Collective Investment Decision Making with Heterogeneous Time Preferences

Christian Gollier and Richard Zeckhauser

914: Managerial Job Assignment and Imperfect Competition in Asymmetric Equilibrium

Volker Grossmann

913: The Signaling Role of Municipal Currencies in Local Development

Rajshri Jayaraman and Mandar Oak

912: Privatization in Italy 1993-2002: Goals, Institutions, Outcomes, and Outstanding Issues

Andrea Goldstein

911: Trade, Wage Gaps, and Specific Human Capital Accumulation

Ngo Van Long, Raymond Riezman, Antoine Soubeyran and Ngo Van Long

910: Satisfaction not Guaranteed - Institutions and Satisfaction with Democracy in Western Europe

Alexander Wagner, Mathias Dufour and Friedrich Schneider

909: Collective Risk-Taking Decisions with Heterogeneous Beliefs

Christian Gollier

908: Producing and Manipulating Information

Robert Dur and Otto H. Swank

907: The Structure and History of Italian Unemployment

Giuseppe Bertola and Pietro Garibaldi

906: Economic Growth and Judicial Independence: Cross Country Evidence Using a New Set of Indicators

Lars Feld and Stefan Voigt

905: Inverse Campaigning

Kai Konrad

904: Dusting off the Perception of Risk and Returns in FOREX Markets

Phornchanok Cumperayot

903: Enlargements and the Principles of Designing EU - Decision-Making Procedures

Mika Widgrén

902: What Do We Know about Recent Exchange Rate Models? In-Sample Fit and Out-of-Sample Performance Evaluated

Yin-Wong Cheung, Menzie Chinn and Antonio I. Garcia Pascual

901: Restraining the Genuine Homo Economicus: Why the Economy Cannot be Divorced from its Governance

Stergios Skaperdas

900: Experiments and Simulations on Day-to-Day Route Choice-Behaviour

Reinhard Selten, M. Schreckenberg, Thomas Pitz, Thorsten Chmura and Sebastian Kube

899: Catching Up: The Role of Demand, Supply and Regulated Price Effects on the Real Exchange Rates of Four Accession Countries

Ronald MacDonald and Cezary Wójcik

898: Capital Market Institutions and Venture Capital: Do They Affect Unemployment and Labour Demand?

Rainer Fehn and Thomas Fuchs

897: Gains from Trade in Tax Revenue and the Efficiency Case for Trade Taxes

Jeremy Edwards

896: Rights and Citizenship in the European Union

Dennis C. Mueller

895: A Panel Data Study of Physicians’ Labor Supply: The Case of Norway

Badi Baltagi, Espen Bratberg and Tor Helge Holmås

894: A Re-examination of the Link between Real Exchange Rates and Real Interest Rate Differentials

Mathias Hoffmann and Ronald MacDonald

893: Turkey and the EU: Politics and Economics of Accession

Harry Flam

892: Strategic Trade Policy and the Home Bias in Firm Ownership Structure

Steffen Huck and Kai Konrad

891: Monetary Policy in EMU when the Transmission is Asymmetric and Uncertain

Paul De Grauwe and Marc-Alexandre Sénégas

890: Rolling Back the Public Sector - Differential Effects on Employment, Investment and Growth

Frederick (Rick) van der Ploeg

889: Optimum Delayed Retirement Credit

Eytan Sheshinski

888: Coordinating Sectoral Policymaking: Searching for Countervailing Mechanisms in the EU Legislative Process

Bernard Steunenberg

887: Initial Capital Constraints Hinder Entrepreneurial Venture Performance: An empirical analysis

Mirjam Praag

886: Do Social Policies Harm Employment and Growth?

Frederick (Rick) van der Ploeg

885: Globalisation and Social Spending

Paul De Grauwe and Magdalena Polan

884: Note on the Optimum Pricing of Annuities

Eytan Sheshinski

883: The Genesis of Venture Capital - Lessons from the German Experience

Ralf Becker and Thomas Hellmann

882: Venture Cycles: Theory and Evidence

Thomas Gehrig and Rune Stenbacka

881: Income Inequality in OECD Countries: Data and Explanations

Anthony Atkinson

880: Note on Income Taxation and Occupational Choice

Eytan Sheshinski

879: Pensions and Fertility Incentives

Robert Fenge and Volker Meier

878: The Un-Intended Convergence: How the Finnish Unemployment Reached the European Level

Erkki Koskela and Roope Uusitalo

877: Public Economics and Startup Entrepreneurs

Robin Boadway and Jean-François Tremblay

876: Education, Social Equality and Economic Growth: A View of the Landscape

Thorvaldur Gylfason and Gylfi Zoega

875: How Costly is it to Ignore Breaks when Forecasting the Direction of a Time Series?

Allan Timmermann and Mohammad Pesaran

874: Effects of Immigration on Labour Markets and Government Budgets - An Overview

Willi Leibfritz, Paul O'Brien and Jean-Christophe Dumont

873: Optimum and Risk-Class Pricing of Annuities

Eytan Sheshinski

872: Tax Policy and Entrepreneurship in the Presence of Asymmetric Information in Capital Markets

Clemens Fuest, Bernd Huber and Philipp Tillessen

871: Unemployment in Germany: Reasons and Remedies

Norbert Berthold and Rainer Fehn

870: On the Tree-Cutting Problem under Interest Rate and Forest Value Uncertainty

Luis Alvarez and Erkki Koskela

869: Estimation and Inference in Large Heterogenous Panels with Cross Section Dependence

Mohammad Pesaran

868: Bounded Rationality and Socially Optimal Limits on Choice in a Self-Selection Model

Eytan Sheshinski

867: The Inflationary Impact of Wage Indexation

Frank Heinemann

866: A Nation-Wide Laboratory. Examining Trust and Trustworthiness by Integrating Behavioral Experiments into Representative Survey

Ernst Fehr, Urs Fischbacher, Bernhard von Rosenbladt, Jürgen Schupp and Gert Wagner

865: The Mix Between Pay-as-you-go and Funded Pensions and What Demography Has to Do with it

Bernard van Praag and Pedro Cardoso

864: Investor Protections and Concentrated Ownership: Assessing Corporate Control Mechanisms in the Netherlands

Bob Chirinko, Hans van Ees, Harry Garretsen and Elmer Sterken

863: Theory of the Avatar

Edward Castronova

862: Efficient Transfer of Aging Provisions in Private Health Insurance

Volker Meier

861: How Sustainable Are Old-age Pensions in a Shrinking Population with Endogenous Labour Supply?

Pedro Cardoso and Bernard van Praag

860: Financial Crisis, Economic Recovery and Banking Development in Former Soviet Union Economies

Haizhou Huang, Dalia Marin and Chenggang Xu

859: Is Strong Reciprocity a Maladaptation? On the Evolutionary Foundations of Human Altruism

Ernst Fehr and Joseph Henrich

858: Strategic Campaigns and Redistributive Politics

Christian Schultz

857: A General Approach to the Stochastic Rotation Problem with Amenity Valuation

Luis Alvarez and Erkki Koskela

856: When Unemployment Disappears: Ireland in the 1990s

Brendan Walsh

855: Capital Accumulation and Employment Cycles in a Model of Creative Destruction

Tapio Palokangas